Common Contracts
1 similar Memorandum of Agreement contracts
MEMORANDUM OF AGREEMENT ENTERED INTO BETWEEN THE PARTY AS DESCRIBED IN PARAGRAPH 1 OF THE SCHEDULE TO MEMORANDUM OF AGREEMENT (hereinafter referred to as “the Seller”) AND LCS FINANCIAL SERVICES (PROPRIETARY) LIMITED REGISTRATION NUMBER:...Memorandum of Agreement • September 27th, 2020
WHEREBY IT IS AGREED AS FOLLOWS: INTERPRETATION AND PRELIMINARY In this Agreement, unless inconsistent with or otherwise indicated by the context:- the following terms shall have the meanings assigned to them hereunder and cognate expressions shall have corresponding meanings, namely:- “Agreement” means this Agreement entered into between the Seller and LCS Financial Services, together with each schedule or annexure prepared in respect hereof from time to time; “Cession” means the transfer of all the Seller’s right, title and interest to claim, collect and receive payment of the Debt from the Debtor; “Debt”, “Debts” or “Accounts Receivable” means the Seller’s claim(s) against the Debtor for the payment of monies owed to the Seller for goods and materials supplied and services rendered by the Seller, which claim is sold and ceded to LCS Financial Services in terms of the provisions of this Agreement and which claim and book debt are indentified and more fully described in
